Take Two Stock Bounces on Developemnt Pipeline Including Grand Theft Auto VI.

Take Two Interactive Software stock took a tumble after it announced disappointing earnings, missing EPS by $0.07 and missing on top line after the close Monday. TTWO also guided FY23 EPS and net bookings below consensus. However, from bring down at a low of $106.31 the stock soared to a high of $115.21 and closed up just under 8%. The bounce came from a look past the earnings picture towards the future “highlighted a FY2023-’25 line-up that features 87 games, … Continue reading “Take Two Stock Bounces on Developemnt Pipeline Including Grand Theft Auto VI.”

Activision Blizzard Call of Duty: Modern Warfare Record Sales but Expenses Soar

Video game publisher Activision Blizzard reported better than expected fourth quarter earnings after the close Monday and updated on a pending acquisition of the company by Microsoft Corporation ($MSFT). Activision Blizzard ended the fourth quarter with 389 million monthly active users. Released in October “Call of Duty: Modern Warfare II” was the fastest-selling title in the history of the franchise. $ATVI saw growth from World of Warcraft Classic and core games include Overwatch, Call of Duty, and Candy Crush mobile … Continue reading “Activision Blizzard Call of Duty: Modern Warfare Record Sales but Expenses Soar”

Take Two Stock Falls 15% After Cuts Guidance as it Digests Zynga Merger

Take Two Interactive Software stock took a tumble after it announced disappointing second-quarter 2023 results Monday after the closing bell. $TTWO traded at $90.55▼ 17.85 or 16.47% after hours at a new 52 week low. TTWO incurred a loss of $257 million or $1.54 per share in the September quarter, compared to a profit of $10.2 million or $0.09 per share in the prior-year quarter. Clearly the lofty premium the gaming company paid for Zynga is still impacting. The two companies merged … Continue reading “Take Two Stock Falls 15% After Cuts Guidance as it Digests Zynga Merger”

Activision Blizzard Earnings and Revenue Higher with Diablo, Call of Duty and Candy Crush

Video game publisher Activision Blizzard reported better than expected third quarter earnings after the close Monday and updated on a pending acquisition of the company by Microsoft Corporation ($MSFT). Activision Blizzard ended the third quarter with 368 million monthly active users with its segment seeing revenue up double-digits thanks to the launch of “Diablo II: Resurrected” and “Diablo Immortal.” Released in October “Call of Duty: Modern Warfare II” was the fastest-selling title in the history of the franchise. $ATVI saw … Continue reading “Activision Blizzard Earnings and Revenue Higher with Diablo, Call of Duty and Candy Crush”

Gaming Heavyweight Take-Two Impacted by Zynga Acquisition, Bearish FY23 guidance

Video game publisher Take-Two Interactive Software reported announced first-quarter 2023 results Monday after the closing bell, reporting a 36% revenue growth. TTWO missed by $1.61, missed on revenues. The gaming giant guided Q2 EPS and revenues below consensus; guided FY23 EPS and revenue below consensus. The Zynga acquisition impacted earnings and guidance, with nearly $117 million in business acquisition costs driving the bottom line into the red. TAKE-TWO INTERACTIVE SOFTWARE, INC – NASDAQ: TTWO Earnings Take Two First-quarter revenues rose … Continue reading “Gaming Heavyweight Take-Two Impacted by Zynga Acquisition, Bearish FY23 guidance”